Page 7 - February 2022 Issue.indd
P. 7
Economic Resiliency then, it seems that the business community is resilient and
has recovered from the hardships that the pandemic response
had on the economy. But there are new issues threatening the
By Debbie Bowden,
economy – COVID surge, workforce, and macro-economic
Director Caroline County
concerns.
Economic Development
Will Caroline businesses be able to continue to be resilient
and get through the tough times in the fi rst quarter of 2022?
The COVID surge is anticipated to slow, which should help
Resiliency – it’s a word that has become alleviate some of the workforce issues, but there will still be an
more prevalent in today’s conversations. over demand of jobs versus an under supply of workers. Supply
I first heard it back in my transportation days related to “freight chain and infl ation will still have an impact on business, but
resiliency” – how to make sure goods are delivered if there businesses will work through those issues to stay open and
was a disruption in the transportation systems. Resiliency make a profit. Yes, I think economic resiliency will help protect
is used when talking about ecosystem and environment in the county’s economy in the near term. What happens aft er
making sure our structures and places are around for the future that and what other pressures are going to impact businesses
generations. And recently, “economic resiliency” gets a lot of remains to be seen.
play in business circles.
For updates on any future business support, please visit
There are offi cial definitions of resiliency depending on your carolinebusiness.com, sign up for our newsletter, and follow
discipline, but the basic meaning is “coming back” from an Caroline County Economic Development on Facebook.
emergency, a natural disaster, a disruption, or a pandemic.
Caroline County Economic Development is a department within
During the COVID response in 2020, we were concerned about Caroline County government. Its mission is to help businesses
the impact on the economy and whether Caroline businesses thrive in the community. Debbie can be reached at 410-479-
would be able to “come back.” In the nearly two years since
4188 or info@carolinebusiness.com
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